Student Solution

-->

"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

1 University

1 Course

2 Subjects

Download Solution

Related Solution

Quiz 2_1672225632.do...
1 Correct Answers nuestro 2 Correct Answers nuestra

Quiz 2
Quiz 2

1 Correct Answers nuestro 2 Correct Answers nuestr

Unit 4 Discussion_16...
The initial revisions to the financial statements were correct. Under accrual-basis accounting, you report revenue when you perform services, not when you receive cash. (Weygandt, Jerry, J. et al., 20...

Unit 4 Discussion
Unit 4 Discussion

The initial revisions to the financial statements

Week 8- discussion-U...
After reading the week’s reading, it can be said that gentrification according to me can be considered as the process which involves changes within the community and it tends to replace the older stor...

Week 8- Discussion-Urban Anthropology
Week 8- Discussion-Urban Anthropology

After reading the week’s reading, it can be said

Unit 2 Case Analysis

Unit 2 Case Analysis

Q Chapter 2: Ethical Decision Making and Action Case Study 2.1: The Fall of an Auto Industry Icon Case Synopsis and Analysis At one point, Nissan/Renault CEO Carlos Ghosn was a star of the automotive industry, credited with saving Nissan and skillfully overseeing the global alliance of Renault, Nissan, and Mitsubishi. His reign as an automotive icon came to a sudden end in December 2018. He was charged with underreporting his income and was removed as chair of Nissan and Renault. Subsequent investigations found that Ghosn maintained an extravagant lifestyle at company expense, apparently driven by greed and excessive pride in his accomplishments. Ghosn argues that his arrest was a coup engineered by Nissan executives fearful of losing their jobs in a merger with Renault. Analysis Question: Analyze the apparent failure of Nissan and Renault to prevent Ghosn’s alleged misuse of company funds.

View Related Questions

Solution Preview

View Complete Solution
There had been complete trust shown on Carlos Ghosn by Nissan as well as Renault after noticing his good performance. However, there had never been any supervisory board or auditing committee appointed to monitor the activities of Ghosn. There had been no one in the allied organizations to question the decisions, actions and authority of Ghosn because he had been the CEO and had been successful. The Board of Directors, shareholders, investors, sponsors and all the stakeholders could not identify the ways in which Ghosn had been exploiting the situation. This is because the exact amount of money earned as income by Ghosn from the allied organizations had been hidden by him.